Notes issued @ 4.75% which is incredibly low. Unfortunately issued in SGD and unhedged. Matures in 2017 so AUD depreciation adds significantly to effective interest (7.33% as per presentation).
Can't really wind 7.33% forward into forecasts beyond tranche 1 and 2 maturity. With bonds still trading above par (currently 100.5, very stable between 99.9 and 101), no reason can't issue more at 4.75% and then hope the SGD depreciates..
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